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The following transactions occurred for A New Company Inc. at the end of the year: Purchased a new building by paying $50,000 cash and signing
The following transactions occurred for A New Company Inc. at the end of the year:
Purchased a new building by paying $50,000 cash and signing a note payable for $200,000.
Sold furniture that had an original cost of $12,000 for a gain of $800. The book value of the furniture at the time of the sale was $4000.
Purchased new furniture for $11,000 cash.
Sold old computer equipment for $1,300 cash.
Dividends of $20,000 were paid in cash
Work through your calculations for each transaction and prepare the investing section of the statement of cash flows.
Description | Amount | Total |
---|---|---|
Subcategory,Cash Flows from Investing Activities: | ||
Net Cash Provided by Investing ActivitiesNet Cash Used by Investing Activities |
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